Sally Pipes of the Pacific Research Institute makes a very clear and concise case for how ObamaCare's tax increase on the pharmaceutical industry threatens the ability of the drug makers to bring innovative, life savings drugs to market.
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Blog and News
"Docs4PatientCare.org is a politically neutral grassroots coalition of physicians. Use of any politically partisan terms does not reflect the position of Docs4PatientCare.org. We do encourage our speakers to express how they feel and we post articles based on their informative content only. Any politically partisan language used does not reflect the group as a whole. Specific party or political allegiances and opposition are not our intent. The goal of D4PC is only to advocate for effective and responsible health care reform."
ObamaCare Pharmaceutical Tax Threatens Next Generation of Prescription Drugs
Wednesday, May 16, 2012
Is Anyone Surprised That Obamacare Is More Expensive Than Promised?
Tuesday, March 06, 2012
Can anyone say, "We told you so?" There is an abundance of historical data proving that when government officials attempt to predict future costs of federal entitlement programs, they invariably grossly miscalculate and underestimate the "actual" costs. The PPACA is not even two years old and government bean counters are already back tracking on their original calculations.
Cost estimates for a key portion of President Barack Obama’s health care overhaul law have ballooned by $111 billion from last year’s budget… the estimated cost of helping millions of middle-class Americans buy health insurance has jumped by about 30 percent for an eight-year period, from 2014-2021. Last year’s budget estimated the cost of the aid to be $367 billion from 2014-2021. This year’s budget puts it at $478 billion over the same period.
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D4PC "Morning Rounds" Thursday, October 20, 2011
Thursday, October 20, 2011
Welcome to D4PC "Morning Rounds", your daily review of healthcare news and information from Washington, DC and around the nation. These briefings will keep you up to date on recent developments and our effort to replace the PPACA with patient-centered reforms that protect the doctor-patient relationship and preserve individual freedom of choice.
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D4PC "Morning Rounds" Wednesday, October 5, 2011
Wednesday, October 05, 2011
Welcome to D4PC "Morning Rounds", your daily review of healthcare news and information from Washington, DC and around the nation. These briefings will keep you up to date on recent developments and our effort to replace the PPACA with patient-centered reforms that protect the doctor-patient relationship and preserve individual freedom of choice.
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In Case You Missed It: Think the Government Handled the Financial Crisis Badly? Just Wait, Because Health Care Is Next
Thursday, August 25, 2011
Dr. Ha Scherz's latest op-ed was featured on FoxNews.com today, and his perspective is frightening:
"If you have been watching the unraveling of our economy over the past several weeks, then what is coming very soon to health care should really get your attention. The financial world has reacted negatively and punished us for the misguided policies of President Obama and his economic team.
"Simply substitute Treasury Secretary Timothy Geitner with HHS Secretary Kathleen Sebelius, former White House budget direct Peter Orszag with CMS director Donald Berwick, and economic advisor Larry Summers with health care adviser Nancy Ann Deparle, and you get an idea of the types of individuals and the level of competence of those who are now at the helm of the health care system."
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Morning Rounds for Monday, August 1, 2011
Monday, August 01, 2011
Welcome to D4PC "Morning Rounds", your daily review of healthcare news and information from Washington, DC and around the nation. These briefings will keep you up to date on recent developments and our effort to replace the PPACA with patient-centered reforms that protect the doctor-patient relationship and preserve individual freedom of choice.
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The High Price for Massachusetts Health Care Reform
Tuesday, July 26, 2011
A new report from the Beacon Hill Institute at Suffolk University reaches several conclusions about the 2006 Massachusetts health care law (commonly referred to as "RomneyCare" after former Massachusetts Governor Mitt Romney). President Obama has stated on several occasions that RomneyCare served as the model for his own health care initiative, PPACA (or "ObamaCare"). In this regard, the costs and consequences of RomneyCare serve as an earlier warning signal of what doctors, patients, employers and taxpayers can expect nationwide as a result of ObamaCare.
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WSJ: PPACA Will Erode Private Insurance Market
Monday, July 25, 2011
According to today's Wall Street Journal, the National Federation of Independent Businesses (NFIB) is releasing a new survey of how businesses will react as a result of the consequences - intended or otherwise - of the PPACA. WSJ states the survey concludes that "one in three businesses may drop insurance coverage as a result of the new health-care law."
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Americans Will Suffer Under ObamaCare Mandates
Thursday, June 09, 2011
From our friends at The Heritage Foundation...
One of the unintended (but certainly predictable) consequences of ObamaCare is that: "employers are being forced to drop their coverage in order to remain profitable. Thus, many of their employees will have no choice but the state exchanges for health care coverage."
"Small business is the lifeblood of the American economy, and employers are now being forced to reckon with new health care coverage mandates on top of a host of new and costly regulations in other areas. All of these regulations are expensive barriers that discourage entrepreneurship and job creation."
Read the full article here...
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5 days, 5 Obamacare Failures
Wednesday, May 25, 2011
Obamacare Failures
Over the past week, multiple reports have showed how Obamacare has not lived up to its promises, delivering higher premiums, more spending, and new mandates on job creators:
May 13—More Waivers Granted: “As of the end of April 2011, a total of 1,372 one-year waivers have been granted.” – Centers for Medicare and Medicaid Services
- Over three million people are in plans receiving waivers, more than half of them in union plans—raising questions about why many traditional Democrat allies have received exemptions.
May 15—Penalties on Job Creators: “For a midsize nursing home, that penalty [under Obamacare’s employer mandate] could easily exceed $200,000 a year.”– New York Times
- These penalties are on top of payment reductions that the Medicare actuary stated could cause as many as 40 percent of medical providers to become unprofitable in the long term.
May 18—Nearly Half of Employers Could Drop Coverage: “84% of companies indicated they would make other changes to their plans [e.g., raising premiums and co-payments] to offset costs associated with [Obamacare].” – Price Waterhouse Coopers employer survey
- According to the survey, nearly half of employers “indicated they were likely to change subsidies for employee medical coverage”—“dumping” their employees on to government-run exchanges and causing the cost of taxpayer-funded insurance subsidies to skyrocket.
May 19—Skyrocketing Premiums: “Employers can expect to see an acceleration in health care cost increases in 2012, with expenses rising 8.5 percent next year.” – Marketwatch
- This rising rate of health spending stands in sharp contrast to candidate Obama’s repeated promises that he would lower premiums by $2,500 for the average family during his first term.
May 20—Medicare Actuary Exposes Obamacare’s Unrealistic Assumptions: “The current law Medicare expenditure projections are based on payment updates that have a strong likelihood of not being feasible.” – Medicare Office of the Actuary
- In releasing its illustrative alternative scenario for Medicare’s fiscal future, the actuary noted that Obamacare’s payment reductions could cause up to 40 percent of providers to become unprofitable, and are likely to be overridden because not doing so would “jeopardize Medicare beneficiaries’ access to mainstream medical care.”
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Recent Posts
- Regardless of What Happens at the Court, ObamaCare Won't Work
- "Closing Medicare's 'Donut Hole' is a Terrible Idea"
- Drs. Scherz and Armstrong: There Will Never Be Another Mayo Clinic
- Hsieh: Dr. Orwell Will See You Now
- Putting Insurance Back in Health Insurance
- D4PC "Morning Rounds", Monday, May 21, 2012
- How Employer-Sponsored Insurance Increases Health Care Costs
- Just Who Should Control Your Healthcare Spending?
- The War Against Doctors, TownHall.com
- ObamaCare Pharmaceutical Tax Threatens Next Generation of Prescription Drugs
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